Need for Funding

Spending Breakdown

Cents to the Cause

For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #9

Avg. Compensation $57,501

Top 10 Staff Salary Range

$350k +

0

$300k - $350k

0

$250k - $300k

0

$200k - $250k

0

$160k - $200k

0

$120k - $160k

0

$80k - $120k

1

$40k - $80k

6

< $40k

2

Information from most recent CRA Charities Directorate filings for F2016

About CHU Dumont Foundation:

Founded in 1983, CHU Dumont Foundation raises funds to benefit patients of the Dr. Georges-L.-Dumont University Hospital Centre. The hospital is a 302-bed facility, located in Moncton, New Brunswick, that provides primary, specialized, and tertiary (more complex) health care services. The hospital is a provincial referral centre for its specialized services. As a teaching and research facility, it nurtures close partnerships with universities and colleges in the country.

Since the foundation’s founding, it has raised over $49m. In 2016, its distributions to the hospital have consisted of: 63% to equipment purchases, 28% to research, and 9% to its lodge, a 65-bed facility open to cancer patients from outside the Moncton area.

Financial Review:

CHU Dumont Foundation is a medium-sized charity with $3.6m in donations and special events fundraising in F2016. Administrative costs were 14% of revenues and fundraising costs were 15% of donations. For each $1 donated, 70 cents go to the cause. This falls within Charity Intelligence's reasonable range for overhead spending. The foundation has funding reserves of $4.3m, which cover annual program costs 2.0 times.

The foundation reported two lotteries in its annual report: an employee lottery and a lottery with the Friends of Moncton Hospital Foundation. The revenues and expenses relating to its employee lottery were both disclosed in its annual report and net proceeds are reported below. CHU Dumont Foundation only reported net proceeds of $356k for the joint lottery. As such, revenues and expenses from this are reported under special events, in accordance with its appearance in the audited financials.

This report is an update that is being reviewed by CHU Dumont Foundation. Changes and edits may be forthcoming.

Updated on June 6, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending March

2016

2015

2014

Administrative costs as % of revenues

14.3%

12.6%

16.9%

Fundraising costs as % of donations

15.3%

12.9%

18.0%

Program cost coverage (%)

201.6%

192.1%

305.6%

Summary Financial Statements

All figures in $s

2016

2015

2014

Donations

1,298,343

1,060,246

562,135

Lotteries (net)

83,153

83,378

90,195

Special events

2,312,716

2,470,675

1,996,551

Investment income

17,153

123,601

50,247

Total revenues

3,711,365

3,737,900

2,699,128

Grants

2,146,812

2,375,387

1,232,631

Administrative costs

528,460

453,523

447,466

Fundraising costs

553,109

456,761

460,885

Cash flow from operations

482,984

452,229

558,146

Funding reserves

4,326,920

4,563,341

3,766,609

Note: Lottery revenues and related expenses were detailed in the charity's annual report but included under special events and fundraising in the audited financials. Ci reallocated net lottery profit into lotteries and removed the revenues/costs from special events/fundraising. As such, special events decreased by $113k in F2016, $112k in F2015, and $119k in F2014. Fundraising costs decreased by $30k in F2016, $28k in F2015 and $29k in F2014.

Comments added by the Charity:

The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publicly-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability.